NCUA’s Letter to Federal Credit Unions #11-FCU-02, issued in February of 2011, requires that directors of FCUs “must have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement.”

It continues, “A director must understand these financial statements to participate in a meaningful manner in the direction and control of the institution.”

This session will be for NEW DIRECTORS who have joined your board since the last required training in the fall of 2012. This will be a two-hour session from 5:00-7:00 p.m. Sandwiches will be served. There is no cost to attend.

Policy Works Compliance Webinar: Intro to Truth in Lending/Reg Z
@ Credit Union League of Conecticut

Jun 18 @ 9:30 am – 11:30 am

The Truth in Lending Act (TILA) and the implementing regulation, Regulation Z, is a significant part of lending compliance. This session will be an introduction to TILA and Regulation Z, covering definitions, open-end loan disclosure requirements, closed-end loan disclosure requirements, as well as the special requirements for mortgages and credit cards. Attendees will learn the basics about compliance with this significant lending law.

The webinar will be followed by an ‘open discussion’ at the conclusion of the program.

Cost: $100 per person ($75 for Young Professionals)*
*If you would like to assist our political action committee with your payment to this event please contact Kelly Fuhlbrigge. Otherwise, credit union checks can be made out to Credit Union League of CT. Payment can be made the day of the event.

Speaker: Kris Buckley, President, Buckley Technology Group
Buckley Technology Group assists credit unions and other financial institutions with the technology and regulations specific to the financial services industry.

This event will cover a number of online banking compliance topics including: